India’s BPM companies reflect tech requirements

SHIFTS in the underlying skillsets required by the business process management (BPM) industry have led to a change in the type of graduates required by the sector in India.

While non-technical BA, BSc and BCom (Bachelor of Commerce) graduates still find places in the BPM field, there is increasing demand from employers for graduates with coding, programming and data-based skills, such as cybersecurity and data analytics.

A statement issued by the Indian BPM trade body, Nasscom, stated that by 2025, 60 to 70 percent of generated revenue is expected to come from digital technologies, from a total that is expected to reach the US$50bn mark.

“[…] the industry is going to look very different. […] One of the most important things is to re-skill the existing workforce and also create a skilled workforce that will enter the industry,” said Rohit Kapoor, chair of the Nasscom BPM Council.

While the Indian IT services industry (a player with a longer track record in tech than BPM) has invested heavily in training its staff, the BPM industry is looking for graduates who are industry-ready.

Jobs may be lost in the BPM sector as tech replaces low-end positions. Source: Shutterstock

Many Indian IT service providers such as TCS, Wipro, Infosys and HCL Technologies offer new recruits three to six months of training. The BPM sector is not currently following their lead and thereby saving on staff-training costs.

Instead, Nasscom is going to the source and creating new partnerships with universities and other higher-education establishments through its internal skills council in order to create new courses and curricula.

“If the colleges where our future employees [train] are not teaching big data, analytics, design thinking among others, we will not be able to maintain the global leadership position. Getting a pure fresh employee would not meet the need in terms of time-frame and cost,” said Raman Roy, chairman of Nasscom.

“With automation kicking in and customers also looking for more digital interaction channels, the Indian BPM industry is likely to add fewer people for the low [level] jobs. This may result in 25 percent decline in […] overall hiring by the Indian BPM industry.”

Lakshmikanth’s comments reflect the overall industry position that many positions which traditionally have been required in data entry, data processing, and baseline analytics, will be replaced by technology.